NIIT continues to reposition its brand through newer offerings like GenAI Labs and digital skilling programs under GNIIT. While initial adoption has been encouraging, especially among uni and GCC cohorts, scale remains modest. The GNIIT program, revamped to include AI, data science, and cloud tracks, is being piloted with select campuses but lacks national deployment. Management reiterated its intention to build a digital learning flywheel across segments, but the execution runway is long.
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Dolat Capital Report
NIIT Ltd.’s strategic pivot toward AI-led skilling and early-career learning holds long-term promise, but persistent weakness in its Work Pro (B2B) biz. and weakened demand for Tech hiring continue to impact near-term performance.
With no material EPS revision, we maintain our FY26E/FY27E EPS estimates at Rs 4.3/Rs 5.3 and revise our rating to ‘Reduce’ with a target price of Rs 150, valuing the stock at 28 times FY27E earnings per share.
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Also Read: Cipla Q4 Results Review: Dolat Capital Maintains 'Add' Rating, Hikes Target Price — Here's Why
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